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You have $350 which a friend would like to borrow If you don’t lend it to your friend you could invest it in an opportunity that would pay out $392 at the end of the year What annual interest rate

You have $350, which a friend would like to borrow. If you don’t lend it to your friend, you could invest it in an opportunity that would pay out $392 at the end of the year. What annual interest rate should your friend offer you to make you indifferent between these two options?

May 14 2020 View more View Less

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